Alcoa Shares Rise After Company Sells Stake in Saudi JV

36 minutes ago

Shares of Alcoa (AA) jumped Monday as the aluminum giant said it was selling its 25.1% stake in a joint venture with Saudi Arabia Mining Co., known as Ma’aden.

Alcoa said the transaction will net it $1.1 billion in Ma’aden stock and cash. That includes approximately 86 million Ma’aden shares valued at about $950 million. It requires Alcoa to hold the shares for a minimum of three years.

Alcoa shares, which have risen for four consecutive sessions, were up about 7% in recent trading. The shares are up about 20% over the past year.

–Bill McColl

Berkshire Hathaway Price Levels to Watch

1 hr 11 min ago

Shares of Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) were moving higher Monday after retreating in recent weeks from from a record high set earlier this month that saw the company’s market capitalization briefly surpass $1 trillion for the first time.

During the stock's recent decline, trading volumes have decreased, indicating slowing selling momentum.

Investors should monitor important lower price levels in Berkshire Hathaway Class B shares at $446, $421, and $398, while watching the $480 area if the stock resumes its longer-term uptrend.

Read our full technical analysis piece here.

–Timothy Smith

Major Indexes Back Near End-August Levels

2 hr 25 min ago

The S&P 500, Nasdaq Composite and Dow Jones Industrial Average have recovered almost all of the ground lost during an early-September swoon. The major indexes are all less than 1% away from where they finished last month.

Nvidia Price Levels to Watch

2 hr 51 min ago

Nvidia (NVDA) shares are down in premarket trading after surging 16% last week, when investors snapped up a recent dip in the stock following favorable Wall Street commentary pointing to continuing growth opportunities amid insatiable demand for AI infrastructure.

The stock has rallied towards the top trendline of a descending channel, though the move has occurred on lackluster volume, indicating a lack of institutional activity.

Investors should monitor key overhead price levels on Nvidia's chart at $126, $136, and $166, while watching important lower price levels at $97 and $75.

Read our full technical analysis piece here.

–Timothy Smith

Futures Tied to Major Indexes Mixed

3 hr 18 min ago

Futures tied to the Dow Jones Industrial Average were up 0.3%.

S&P 500 futures were down fractionally.

Nasdaq 100 futures were off 0.4%.

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